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Nonprofit · EIN 46-1597279

NEW HOPE ACADEMY

Tax-exempt · LEHI, UT 84043

Financials

$528K$633K2023$581K$580K2024
Revenue Expenses · by fiscal year end
Financials of NEW HOPE ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$580,504$579,557$947$173,480$159,708$13,772
December 31, 2023990$527,733$633,475-$105,742$174,877$162,052$12,825
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$15,000
Program service revenue
$565,501
Investment income
$3
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$226,633
Other salaries and wages
$73,158
Salaries, compensation and benefits (total)
$322,725
Professional fundraising fees
$0
Accounting fees
$4,710
Occupancy
$157,719
Travel
$5,745
Depreciation
$4,695
Program services (functional)
$502,380
Management and general (functional)
$77,177

Balance sheet and other

Total assets, start of year
$174,877
Total assets, end of year
$173,480
Total liabilities, end of year
$159,708
Net assets, end of year
$13,772
Land, buildings and equipment
$2,348
Net assets without donor restrictions
$13,772
Gross receipts
$580,504
Employees
10
Volunteers
50
Year formed
2012
State of legal domicile
UT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LAURALEE NORTONEXECUTIVE DIRECTOR
Officer
40$101,230
KASEY HARMEREXECUTIVE DIRECTOR
Officer
40$101,050
JASON DEVEREAUXBOARD MEMBER
Officer
2$24,353
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
LAURALEE NORTONEXECUTIVE DIRECTOR
Officer
40$123,380
KASEY HARMEREXECUTIVE DIRECTOR
Officer
40$111,745
JASON DEVEREAUXBOARD MEMBER
Officer
2$26,634

Address and contacts

Address (IRS master file)
322 N 2375 W, LEHI, UT 84043-5885
In care of
% LAURALEE NORTON
Mailing address (990-N for 2012)
343 East Main St, American Fork UT 84003
Principal officer (990 for 2024)
LAURALEE NORTON, 1133 WEST 3200 NORTH, LEHI, UT 84043
Principal officer (990-N for 2012)
Lauralee Norton, 343 East Main St, American Fork UT 84003
Signed the 990
LAURALEE NORTON, EXECUTIVE DIRECTOR
Phone
(801) 772-1092
Return prepared by
HINTONBURDICK PLLC

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • NEW HOPE ACADEMY IS A PRIVATE SCHOOL SET UP SPECIFICALLY TO MEET THE NEEDS OF CHALLENGING KIDS. THE MAJORITY OF OUR STUDENTS HAVE BEEN DIAGNOSED WITH REACTIVE ATTACHMENT DISORDER (RAD). THE GOAL OF NEW HOPE ACADEMY IS TO CREATE A CONSISTENT AND SAFE ENVIRONMENT THAT ALLOWS A CHILD TO HAVE THE BEST OPPORTUNITY TO GAIN THE SKILLS NECESSARY TO BE A CONTRIBUTING MEMBER TO THEIR FAMILY, TO LEARN AND TO HAVE A POSITIVE IMPACT ON SOCIETY.
    Expenses $502,380 · revenue $565,501

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-1597279
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2013
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B28)
Assets (IRS master file)
$173,480
Income (IRS master file)
$580,504

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$580,504$579,557$173,480XML
990December 2023$527,733$633,475$174,877XML
990December 2022$503,782$534,797$291,570IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS
990-N for 2012
Officer: Lauralee Norton
December 31, 2012≤ $50,000 receipts––e-Postcard

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about NEW HOPE ACADEMY

What is the EIN of NEW HOPE ACADEMY?
The employer identification number (EIN) of NEW HOPE ACADEMY is 46-1597279.
Is NEW HOPE ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to NEW HOPE ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW HOPE ACADEMY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NEW HOPE ACADEMY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEW HOPE ACADEMY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEW HOPE ACADEMY?
The 990 for the year ended December 31, 2024 names LAURALEE NORTON.
Who are the officers and directors of NEW HOPE ACADEMY?
The 990 for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $101,230 (LAURALEE NORTON, EXECUTIVE DIRECTOR).
How much revenue does NEW HOPE ACADEMY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $580,504, expenses of $579,557 and total assets of $173,480 at year end.

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